Sources: Grab's planned acquisition of GoTo has hit a snag over Indonesian carrier Telkomsel's unwillingness to sell its ~2% stake in GoTo at current valuations
Sources: Grab's planned acquisition of GoTo has hit a snag over Indonesian carrier Telkomsel's unwillingness to sell its ~2% stake in GoTo at current valuations
Grab Holdings Ltd.'s planned multibillion-dollar acquisition of GoTo Group has hit a stumbling block.
Indonesian e-commerce pioneer Bukalapak will stop sales of physical goods to focus on virtual goods like mobile credits, amid competition from Shopee and others
Yuan Gao / Bloomberg :
TikTok plans to invest $1.5B and take a 75% stake in GoTo's e-commerce unit Tokopedia, part of a deal that lets TikTok restart its shopping service in Indonesia
https://lnkd.in/g6FC2myN Fabian Moa / Fabian Moa, CFA, FRM, CTP, FMVA, AFM : The recent strategic alliance between GoTo and TikTok presents a fascinating blend of opportunities and risks for investors...
TikTok plans to invest $1.5B in a joint venture with GoTo, aiming to comply with regulations in Indonesia so that TikTok can restart its shopping service there
https://lnkd.in/g6FC2myN Fabian Moa / Fabian Moa, CFA, FRM, CTP, FMVA, AFM : The recent strategic alliance between GoTo and TikTok presents a fascinating blend of opportunities and risks for investors...
Changpeng Zhao confirms Binance acquired the remaining 49% stake in Indonesian crypto exchange Tokocrypto; the unit will cut 58% of jobs and replace its CEO
Binance Holdings Ltd.'s Indonesian unit is cutting jobs and replacing its top executive after the parent company took nearly full control over it.
Filing: Grab raises its stake in Indonesian mobile wallet provider Ovo to ~90% from ~39%, acquiring stakes owned by PT Tokopedia and Lippo Group
Bloomberg :
Sale doc: Indonesian e-commerce company Bukalapak raises $234M round led by Microsoft, Singapore sovereign wealth fund GIC, and local media conglomerate Emtek
Anshuman Daga / Reuters :
Sources: Indonesian online marketplace Bukalapak raises $100M from Microsoft and others at a $2.5B-$3B valuation; Microsoft says it has partnered with Bukalapak
Bloomberg :
Sources: Indonesian ride-hailing giant Gojek has acquired Moka, a mobile point-of-sale startup, for ~$130M
Yoolim Lee / Bloomberg : Tweets: @wizaj and @gwendolynregina Tweets: Wiza J. / @wizaj : This startup seems to do exactly what @Yoco_ZA does in South Africa. What stood out for me is Moka's valuation ...